MORTGAGE INTEREST RATE LOCK ADVISORY
October 6, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-14 Day Close: LOCK
- 15-30 Day Close: FLOAT
- 31-45 Day Close: FLOAT
- Recommendations can change throughout the day. Click for current Lock Advice
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 10-1-15: 3.85% - Unchanged
- Rate Price Based on 3.5% MBS - Currently, Up 0.01 Point.
- DJI Stocks - Currently, $16,779.67, Up $3.24
- Asian & European Stock Market Indexes Up 0.63%
- Crude Oil (WTI) - Currently, $50.37, Up $1.12
- Gold 1 Ounce - Currently, $1,152.80, Up $12.20
MARKET REPORTS & ANALYSIS
- This week is thin on economic news, Treasury will auction $ 58B of notes and bonds. The FOMC minutes from the Sept released on Thursday.
- While 15-45 day closing are Float recommendations it's a good idea to Lock loans closing sooner due to the possibility of a rate bounce after last week's large drop.
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